No wonder the EU is desperate to extend Transition and stop Brexit

EU official: Brexit hits the EU harder than 18 member countries leaving at once

The EU’s economy shrank dramatically when the UK left on 31 Jan 2020

All world economies are going to drop as a result of the Coronavirus measures in various countries. Even those countries who have used ‘light-touch’ measures are affected by the drop in demand from countries such as the United Kingdom, which went for full lockdown based on a now-discredited report by Imperial College London.

However the EU is facing a far bigger overall drop in their economy,because they lost the UK as a member.

Here we show the effect on the EU in graphical terms. Brexit Facts4EU.Org was the first to make this comparison some years ago, and we're pleased to say that this has subsequently been picked up by MPs in Parliament and elsewhere. This is our latest update.

Brexit Facts4EU.Org Summary

The overnight cut in the EU’s economy

The EU’s press release shows two things, when looking at the raw data behind it

The departure of the UK has reduced the EU’s economy by more than if 18 EU member countries had left at once

The EU’s data shows an immediate 15.3% drop in the overall size of the EU economy following Brexit. This matters when countries around the world look at the EU. The EU is certainly not what it used to be. These figures are all based on the EU’s own figures for GDP in all 28 member states in 2019.

UK’s GDP in 2019: €2.52 TRILLION

This is now lost to the EU

The COMBINED GDP of the remaining 18 smallest EU countries was less than the UK's, at €2.35 trillion

The EU’s total GDP, using 2019 figures as they did, has fallen by 15.3%

This dramatic fall will be compounded by the fall from Coronavirus lockdowns

Brexit is a massive loss to the EU - they just need to admit it

The EU's press release last week gave wholly incorrect percentages for the relative sizes of each EU economy, for the simple reason that they completely omitted the United Kingdom from their figures.

This is despite the fact that the UK was still a full member of the EU throughout 2019, was continuing to bankroll the EU as one of the few countries which are net contributors, and was in fact the second-largest economy in the EU for all of 2019.

This is simply staggering propaganda, worthy of the former Soviet Union. It should also be noted that the United Kingdom continues to bankroll the EU in 2020 as one of the few countries which are net contributors, despite supposedly having left on 31 January 2020.

Observations

Back at the end of June 2016, all other Brexit organisations had gone away. They felt the battle had been won. At Brexit Facts4EU.Org we were alone in continuing to publish daily, convinced that the Remainer Establishment would reorganise and attempt to defeat Brexit via undemocratic means.

We were right and that is exactly what happened. We fought on and eventually some Brexit organisations came back to join in the fight.

Today we simply want this thing over with. We want to go back to our lives after almost five years of struggle. We would like to earn reasonable incomes again. It’s our sincere hope that we will be able to do this from 01 January 2021, if the United Kingdom has fully exited the Transition Period and is once again a free and independent country.

If you can help us to hang on in there for the next eight months we would be grateful. Quick and secure donation methods are below. You will be completely confidential unless you tell us otherwise. In any event you will receive a nice ‘thank you’ email from a member of our team.

Vielen Dank. Merci beaucoup. Grazie mille. Thank you so much.

[ Sources: EU Commission's official statistics agency, Eurostat ] Politicians and journalists can contact us for details, as ever.

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Reader Comments 21

1. Patrick F , Tuesday, May 12, 2020, 06:32:

Boris the Bottler mustn't let the Brexit Trophy slip out of his hands, when we are so close to our freedom and independence.
I read in today's Daily Hero that we will all be required to wear blindfolds to avoid seeing the looming economic disaster.
#slogansnotaction

2. Jon, Wales , Tuesday, May 12, 2020, 06:46:

In my opinion, the EU Commission are playing a dangerous game of poker which will hurt the EU for sure.
Peoples across the continent need to get wise to this, and very quickly.
Mr Barnier et al, are trying to make matters as difficult as possible to prevent other member nations taking the Brexit-styled door - to be independent and self-governing like normal countries, instead of having a bunch of unelected and overpaid bureaucrats dictating to elected Parliaments.
It is perhaps worth remembering the EU once confirmed they were ready for UK exit in October 2019 without the withdrawal treaty, even though our exit date slipped to January 2020.
Yet still they play childish games to keep the UK shackled to their out of date and deceitful construct in any way they can - for the money?
Legally, the UK left the EU at the end of January 2020, and the more the EU drag this out, the more they prove themselves to be anti-democratic.
I suggest the EU commission detests UK democracy, but we have a long-standing tradition of respecting the electorate, and MPs who dare to disrespect our trust will usually be elected out of office come next elections as many recently found out.
A past article by the Rt Hon Sir John Redwood MP regarding EU readiness is worth a look at once again.
Sir John's article may be found here: http://johnredwoodsdiary.co...

3. Lance Lucky Baxter , Tuesday, May 12, 2020, 07:37:

Why would we want to Hit them..we just want to Leave..

4. Melvyn T , Tuesday, May 12, 2020, 07:39:

The EU have always known this but refuse to throttle back their spending plans.

5. Not4EU, London , Tuesday, May 12, 2020, 08:01:

2. Jon,
As indeed the UK itself has 'prepared' for leaving on WTO terms FIVE times to date, for each of the leave dates. There is NO REQUIREMENT for 'more time'.
As predictable as the rising Sun, the shadow Govt running the lamestream meeja are pushing for an extension to our oblivion. Why are these anti-British independence people still in place?
Are the, frankly, insane restrictions (avoiding anything that helps boost immune systems) under cover of the chynavirus to prevent mass demonstrations when our Govt sells us out to the EU (again)? That is what it smells like, but that isn't going to work, I'm afraid. Neither will we forget Boris bottling on an unnecessary WA, implementing the EU required infrastructure (known as HS2), Huawei, sensible & appropriate pandemic planning and using the plandemic to implement the destructive great climate scam 'policies', again 'supported' by debunked 'modelling' (and the EU).

6. Nathan , Tuesday, May 12, 2020, 21:30:

Where's Germany or the Netherlands on that list??

7. Stuart phillips , Tuesday, May 12, 2020, 22:05:

We will still carry on paying into the E.U. after leaving, if we ever do. Either through the back door in tax payments, subsidies to certain e.u. projects, which we are told are beneficial to the U.K. But our biggest mistake is to allow our fishing waters to be a free for all . You only have to listen to President Macron of France to understand we will be not allowed to leave without giving up the sole rights to fish our waters.The Europeans take most of the fish in our waters because it is the best . Just look at our fish and shellfish exports to the continent.

8. Chris , Wednesday, May 13, 2020, 05:47:

Why do people knock Boris so visciously when he is the only politician in Remainer Westminster to take us out, if we kill him with to heavy a critical hand, Remain Wins!

9. Teddy Mcnabb , Wednesday, May 13, 2020, 07:29:

IN OUT SHAKE IT ALL ABOUT #redmullahboris

10. Brexit4All , Wednesday, May 13, 2020, 07:31:

Get over it, we've won! No ones laughing at England now. The world looks on with envy! Our taskmasters are world class, just look at how our response to the CV-19 crisis has put us at the top of the global league table. The empire is back!